New brand to connect sportsbook and casino experiences through proprietary hybrid content Sportradar launches iGaming brand Playradar Sportradar announced the launch of Playradar, a dedicated brand delivering a fully-integrated ecosystem of cross-vertical gaming experiences to global operators. ST. GALLEN, Switzerland, March 24, 2026 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD), a leading global sports technology company creating immersive experiences for sports fans and bettors, today announ ...

Core Viewpoint - High Roller Technologies, Inc. is advancing its strategic partnership with Crypto.com to enter the U.S. prediction markets, which are projected to exceed $1 trillion in annual trading volume, while also reporting its financial results for Q4 and full year 2025 [1][2]. Financial Performance - For Q4 2025, net revenues from continuing operations were $4.7 million, a decrease from $5.9 million in Q4 2024, primarily due to exiting certain markets [13]. - The company reported a net income from continuing operations of $2.7 million, compared to a net loss of $3.0 million in Q4 2024 [13]. - Adjusted EBITDA from continuing operations improved to negative $427 thousand from negative $2.3 million in Q4 2024 [13]. - For the full year 2025, net revenues were $20.5 million, down 11.9% from $23.2 million in 2024 [13]. - Total operating expenses decreased by 16% to $26.6 million from $31.7 million in 2024, attributed to lower direct operating costs and reduced advertising [13]. - The company achieved a net income of $3.2 million for the full year, compared to a net loss of $5.9 million in 2024 [13]. Strategic Developments - High Roller has entered into a binding LOI with Crypto.com to launch an event-based prediction markets product in the U.S., marking a significant strategic milestone [7]. - The company signed non-binding LOIs for marketing and distribution relationships with Lines.com, Forever Network, and Leverage Game Media to support its U.S. prediction markets [7]. - High Roller has strengthened its balance sheet with $26 million in capital and added experienced executives to its leadership team to support growth [2]. Leadership Changes - The company appointed Jake Francis as Chief Operating Officer and Carlo Scappaticci as Chief Marketing Officer, among other leadership changes [12]. Capital Investments - High Roller received a $1.0 million strategic investment from Saratoga Casino Holdings at $2.80 per share and completed a $25 million registered direct offering priced at $13.21 per share [8]. Market Expansion - The planned entry into regulated iGaming markets like Ontario is seen as a natural extension of the company's core expertise, alongside the new U.S. prediction market opportunity [2].

Bragg Gaming to Release Fourth Quarter and Full Year 2025 Results on March 19Mar 5, 2026 4:30 PM Eastern Standard Time# Bragg Gaming to Release Fourth Quarter and Full Year 2025 Results on March 19Share--- TORONTO--(BUSINESS WIRE)--Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) ("Bragg†or the "Company†), a leading iGaming content and platform technology solutions provider, today confirmed that it will release its fourth quarter and full year 2025 financial results prior to the opening of the financial marke ...

Financial Data and Key Metrics Changes - Group revenue increased by 25% in Q4 and 17% for the full year, with adjusted EBITDA growing by 27% in Q4 and 21% for the year [7][18] - Net income for the quarter was $10 million, a significant decrease from $156 million in the prior year, primarily due to higher interest costs and increased tax expenses [19] - Free cash flow declined by $335 million to $138 million, influenced by M&A activities and increased capital expenditures [20] Business Line Data and Key Metrics Changes - U.S. revenue growth was 33% in Q4, with adjusted EBITDA up 90%, driven by a successful content strategy and increased player frequency [8][9] - International revenue grew by 19% in Q4, with adjusted EBITDA increasing by 6%, reflecting strong performance in strategic acquisitions and market leadership [15][18] Market Data and Key Metrics Changes - The U.S. market maintained a clear leadership position in online sports betting and iGaming, with FanDuel achieving a 35% revenue growth in Q4 [9][11] - The international business saw significant growth in Brazil, with customer acquisition up 51% since the start of the year, indicating a strong market opportunity [16] Company Strategy and Development Direction - The company is focused on enhancing its market leadership through disciplined investments and strategic acquisitions, particularly in high-growth markets like Brazil and Italy [7][15] - Plans for 2026 include launching new products like FanDuel Predicts and enhancing customer engagement through a new loyalty program [12][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate regulatory changes and market dynamics, emphasizing a strong position entering 2026 [8][17] - The company anticipates a sequential improvement in performance throughout 2026, driven by product enhancements and strategic initiatives [23][25] Other Important Information - The company expects to return $250 million to shareholders in H1 2026, with a disciplined capital allocation policy to balance growth investments and shareholder returns [20][21] - The leverage ratio at year-end was 3.7x, with plans to reduce it to a target range of 2x to 2.5x over the medium term [21][22] Q&A Session Summary Question: Market handle growth recovery - Management acknowledged the volatility in U.S. sports betting and noted that the current trends may not be structural but rather seasonal, with expectations for recovery as the year progresses [28][29] Question: Strategy around hold and handle - Management clarified that there has been no change in strategy regarding hold and handle, emphasizing the impact of NFL playoff dynamics on customer engagement [32][34] Question: Prediction product improvements - Management expressed optimism about the prediction market product and its potential to capture new customers, particularly with upcoming events like the World Cup [39][40] Question: Corporate costs and guidance - Management indicated that corporate costs are slightly above previous guidance due to resegmentation and investments in shared technology, with ongoing optimization efforts planned [49][50] Question: U.S. iGaming growth sustainability - Management expects high teens growth in U.S. iGaming to be sustainable, supported by ongoing market expansion and product enhancements [92]

Financial Data and Key Metrics Changes - In 2025, the company achieved record company-wide revenues with EBITDA of approximately $1.4 billion, maintaining property level margins at 40%, consistent with the previous year [5][24] - For the fourth quarter, revenues were $1.1 billion, and EBITDA was $337 million, reflecting continued growth in gaming revenues despite a $40 million impact from changes in the online segment and severe winter weather [9][24] Business Line Data and Key Metrics Changes - The Las Vegas Locals segment saw strong gaming revenue growth driven by core customers, although cash hotel revenues declined by nearly $6 million due to softness in destination business [10][11] - The Midwest and South segment experienced growth from core and retail customers, but revenues and EBITDAR were impacted by severe winter weather and the permanent closure of Sam's Town Tunica [12][13] Market Data and Key Metrics Changes - The company noted a 10% decline in pedestrian traffic on the Fremont Street Experience, affecting the downtown Las Vegas segment, while the Midwest and South markets continued to see strong play from core customers [11][12] - The online segment generated EBITDAR of $63 million for the full year, with expectations of $30-$35 million in 2026, driven by Boyd Interactive and changes in revenue share agreements [13][24] Company Strategy and Development Direction - The company plans to continue investing in property improvements and growth projects, including the opening of Cadence Crossing Casino and the completion of the Suncoast modernization project [7][18] - The company remains open to M&A opportunities but emphasizes a disciplined approach to ensure the right asset at the right price [36][37] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, expecting benefits from new investments and consumer spending supported by tax legislation [8][28] - The company anticipates continued growth from core customers and positive trends in retail spending, despite challenges in the destination business [29][72] Other Important Information - The company returned over $800 million to shareholders in 2025 through share repurchases and dividends, reducing the total share count by 11% [7][26] - The company expects to maintain quarterly share repurchases of approximately $150 million and regular dividends, equating to over $650 million annually [27][20] Q&A Session Summary Question: Can you bifurcate between real locals play and destination locals play? - Management noted strong play from Las Vegas local residents, while destination play showed weakness, particularly affecting hotel revenues at the Orleans [31][32] Question: Any updated thoughts on the M&A pipeline? - Management remains interested in M&A opportunities but emphasizes a disciplined approach to ensure the right fit [35][36] Question: What are your current views on the structure of potential acquisitions? - Management is open to both Holdco and Opco structures for acquisitions, focusing on the right asset and price [42][43] Question: How do you view the impact of the tax legislation on your customer base? - Management expects significant benefits from the tax legislation for both Nevada and Midwest customers, enhancing consumer spending [51][52] Question: What is the expected impact of weather on the first quarter results? - Management indicated a similar impact to the previous year, estimating around a $5 million effect from weather in January [73][75]

Financial Data and Key Metrics Changes - In 2025, the company achieved record company-wide revenues with EBITDA of approximately $1.4 billion, maintaining property level margins at 40% [4][21] - For Q4 2025, revenues were $1.1 billion and EBITDA was $337 million, reflecting continued growth in gaming revenues [7][21] - Year-over-year EBITDA comparisons in Q4 were impacted by approximately $40 million due to changes in the online segment and severe winter weather [7][21] Business Line Data and Key Metrics Changes - The Las Vegas Locals segment saw strong gaming revenue growth driven by core customers, although cash hotel revenues declined by nearly $6 million due to softness in destination business [8][9] - The Midwest and South segment experienced growth from core and retail customers, but revenues were impacted by severe winter weather and the permanent closure of Sam's Town Tunica [10][11] - The online segment achieved EBITDAR of $63 million for the full year, with projections of $30-$35 million in 2026 [11][21] Market Data and Key Metrics Changes - The Las Vegas locals market showed strong play from local residents, while destination play remained weak, particularly affecting hotel revenues at the Orleans [31][32] - The company expects consumer spending to benefit from last year's tax legislation, particularly in Southern Nevada [6][27] - The Midwest and South markets are anticipated to continue benefiting from customers staying closer to home [11][70] Company Strategy and Development Direction - The company plans to continue investing in property improvements and growth projects, with capital expenditures expected to be between $650 million and $700 million in 2026 [22][23] - New projects include the opening of Cadence Crossing Casino and the development of a $160 million gaming facility at Par-A-Dice [16][23] - The company remains open to M&A opportunities but emphasizes a disciplined approach to acquisitions [35][42] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, citing strong customer trends and the expected benefits from new investments and tax legislation [5][27] - The company noted that while destination business remains weak, core customer segments continue to perform well [70][90] - Management highlighted the importance of operational discipline and cost controls in maintaining performance [7][21] Other Important Information - The company returned over $800 million to shareholders in 2025 through share repurchases and dividends, reducing the total share count by 11% [5][24] - The company plans to continue repurchasing approximately $150 million in shares per quarter, supplemented by regular dividends [25][27] - The transitional casino in Norfolk, Virginia, is expected to break even until the permanent resort opens in late 2027 [61] Q&A Session Summary Question: Can you bifurcate between real locals play and destination locals play? - Management noted strong play from Las Vegas local residents, while destination play has shown weakness, particularly affecting hotel revenues at the Orleans [31][32] Question: Any updates on the M&A pipeline? - Management remains interested in M&A opportunities but emphasizes a disciplined approach to ensure the right asset at the right price [35][36] Question: What are the expectations for the customer base aged 65 and older? - Approximately 40% of the customer base is 65 and older, and management expects positive impacts from tax legislation for both Nevada and Midwest customers [49][51] Question: How is the weather impacting the Midwest and South segments? - Management indicated a similar impact to last year, estimating about a $5 million impact from weather in January [72][73] Question: What is the operational perspective on the transitional casino in Virginia? - Management expects the transitional casino to break even until the permanent facility opens [61] Question: How does the company view iGaming expansion? - The company supports iGaming expansion and sees it as complementary to their business, looking for opportunities to participate in new state launches [62][88]

Core Insights - Expanse Studios has entered a strategic content distribution partnership with Brazino777, enhancing its presence in Brazil's online gaming market, which is expected to exceed $2.6 billion in revenue by 2026 due to new regulatory changes [1][2]. Group 1: Partnership Details - The agreement allows Expanse Studios to integrate its portfolio of online casino games, including slots and table games, into Brazino777's platform through a direct distribution model [2]. - This partnership is part of Golden Matrix Group's strategy to expand high-margin B2B operations in regulated and high-growth markets [2]. Group 2: Market Dynamics - Brazil is recognized as a highly dynamic and competitive iGaming market, providing Expanse Studios with access to a large and engaged player base [3]. - The collaboration aims to deliver innovative and high-performing content that aligns with player preferences, enabling rapid optimization and enhancement of the gaming experience [3]. Group 3: Company Overview - Expanse Studios is a B2B iGaming content provider with a portfolio of 56 proprietary titles, serving over 1,300 casino brands across Europe, Latin America, and North America [4]. - Golden Matrix Group operates globally through various B2B and B2C divisions, including online casinos and sports betting platforms, licensed in multiple jurisdictions [5].

Industry Overview - The American iGaming industry is still growing and has not yet reached maturity compared to its European counterparts [1] - The analysis focuses on the four strongest stocks in American iGaming and their potential performance by 2026 [1] DraftKings – DKNG - DraftKings started as a fantasy sports service and expanded into sports betting and online casino services following the easing of betting restrictions in 2018 [3] - The stock is currently trading in the $35 to $36 range, with previous highs of $47 and $53 in 2025 [4] - DraftKings is entering the predictions market, driven by services like Kalshi and Polymarket, and plans to offer this in regions where sports betting is not available [4] - Anticipated boost in usage during the FIFA World Cup, co-hosted by the US, with a moderate buy recommendation targeting $44 [5] FanDuel – FLUT - FanDuel has transitioned from a fantasy sports service to a comprehensive iGaming platform, focusing heavily on online casino technology [6] - The stock is trading in the $215 to $219 range, with expectations for growth due to consistent profitability and favorable regulatory trends [7] - Rated as a strong buy with a price target of $300 for the year [7] BetMGM – MGM - BetMGM, associated with the MGM brand, has been expanding its online casino experience since 2018 and has formed partnerships with major sports leagues [8] - The focus for 2026 is on achieving a $500 million positive EBITDA, which could lead to a re-rating of the stock [9] theScore Bet – PENN - theScore Bet operates in the US under Penn Entertainment and is focusing on a lean, efficient operation after exiting an ESPN partnership [11] - The strategy involves cutting excess and leveraging technology for profitability, with a loyal customer base in Ontario [12] - The launch of a new iGaming market in Alberta could impact its operations, leading to a speculative buy rating [12]

Core Insights - Expanse Studios, a subsidiary of Golden Matrix Group Inc., is set to release Super Heli Premium, an enhanced version of its popular crash game, featuring new gameplay mechanics and improved operator customization [1][3]. Game Performance and Features - The original Super Heli game quickly became a top-requested title in European iGaming, with session lengths exceeding industry averages and retention metrics significantly better than category norms [2]. - Super Heli Premium will introduce new gameplay modes that expand strategic options, including prediction-based betting and range-based outcomes, catering to both conservative and aggressive play styles [7]. - The game will feature improved Return to Player (RTP) rates, enhancing player return while maintaining the volatility profile that contributed to the original game's success [7]. Operator Flexibility and Market Reach - Super Heli Premium is designed as a platform play, allowing operators to configure the game for various audience segments, from casual players to those seeking deeper strategic engagement [3]. - Expanse Studios currently has over 1,300 B2B partnerships globally, with more than 300 new operators added in Q3 2025, indicating strong market expansion [4]. - The game will be available across Expanse's global operator network, including active integrations in the US, Brazil, Europe, and emerging markets in Eastern Europe and Africa [4]. Company Overview - Expanse Studios specializes in B2B iGaming content, offering a portfolio of 56 proprietary titles and powering over 1,300 casino brands across Europe, LATAM, and North America [5]. - Golden Matrix Group Inc. operates globally through B2B divisions and B2C operations, including various gaming platforms and services across multiple jurisdictions [6].

Core Insights - Expanse Studios has entered a content distribution agreement with Vegas.hr, enhancing its presence in the Croatian iGaming market [1][2] - The partnership allows Vegas.hr to offer a range of certified games from Expanse's portfolio, including popular titles [2][3] - Croatia's online casino revenue is projected to reach $482 million in 2025, indicating a rapidly growing market [4] Company Developments - Expanse Studios has received Croatian certification from the Ministry of Finance, starting with Super Heli and expanding to 15 certified titles [5] - The CEO of Expanse Studios highlighted the importance of regulatory compliance and content quality for market access [6] - The partnership with Vegas.hr is part of Expanse's strategy to build relationships in regulated markets [6] Market Context - Croatia's iGaming market is characterized by accelerating digital adoption, with internet penetration at 84.4% at the start of 2024 [4] - Expanse Studios has also secured regulatory approvals in Romania and Sweden, expanding its European B2B distribution network [7] - The company has over 1,300 B2B operator partnerships globally and a portfolio of 56 proprietary titles [8]